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Technology Stocks : Dell Technologies Inc. -- Ignore unavailable to you. Want to Upgrade?

To: Tony Viola who wrote (149649)	12/22/1999 12:05:00 AM
From: Chuzzlewit	Read Replies (2) \| Respond to of 176387

Tony, there is always something new and revolutionary. During the early 1960s it was the computer (remember IBM?) and xerography (remember Xerox). During the 70s and early 80's it was biotech. During the 1920s it was the telephone and electrification. Certainly, each of these revolutions was real. The question is not whether those technological innovations made a deep and lasting economic impact, but the value investors placed on those revolutions. I believe that the evidence is clear that during periods of exuberance the market substantially over-values growth. I think that is what is happening now. This market is reminiscent of the Japanese stock market bubble of not so long ago. TTFN, CTC